Introducing a great investment opportunity – a cashflowing 4-unit building designed for financial success. Each unit features individual furnaces and water heaters, strategically minimizing owner expenses. Units 1 and 3 stand as renovated gems, showcasing brand-new kitchens for modern living. Meanwhile, Units 2 and 4 present an ideal chance to boost equity. Revel in the benefits of newer windows and updated bathrooms throughout. Adding to the appeal is a 4-stall garage at the alley, providing convenient storage or an additional stream of rental income. Seize this opportunity for a profitable investment in real estate, where cash flow meets the potential for added value. Schedule your showing today!
Closed
$415,000
3245 Penn Ave N, Minneapolis, MN 55412
7beds
4baths
3,456sqft
Quadruplex
Built in 1925
-- sqft lot
$319,200 Zestimate®
$120/sqft
$1,908 Estimated rent
Home value
$319,200
$303,000 - $335,000
$1,908/mo
Zestimate® history
Owner options
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$2,642/mo
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$2,642/mo
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Zillow last checked:
Listing updated:
Listed by:
Venkata Kishore Goli 612-875-1637,
eXp Realty,
Abraham Sanchez 651-231-8249
Bought with:
Syed S. Husain
Fish MLS Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6463940
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Full
Interior area
- Total structure area: 3,456
- Total interior livable area: 3,456 sqft
- Finished area above ground: 3,456
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: On Street
- Garage spaces: 4
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Fencing: None
Lot
- Size: 6,969 Square Feet
- Dimensions: 126 x 54
- Features: Tree Coverage - Light
Details
- Foundation area: 1728
- Parcel number: 0802924140151
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Roof: Flat
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Rheems Add
HOA
- Amenities included: Porch
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $120/sqft
- Tax assessed value: $353,000
- Annual tax amount: $4,809
- Date on market: 11/29/2023
- Cumulative days on market: 21 days
- Tenant pays: Electricity, Fuel
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Listing removed | $325,000$94/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7000803 Report a problem | ||
| 12/17/2025 | Listed for sale | $325,000-21.7%$94/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7000803 Report a problem | ||
| 12/22/2023 | Sold | $415,000-1.2%$120/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6463940 Report a problem | ||
| 12/19/2023 | Pending sale | $420,000$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6463940 Report a problem | ||
| 11/29/2023 | Listed for sale | $420,000+12%$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6463940 Report a problem | ||
| 12/8/2020 | Sold | $375,000$109/sqft |
Source: Public Record Report a problem | ||
| 10/6/2020 | Price change | $375,000-6.3%$109/sqft |
Source: Black Rock Real Estate Group, LLC #5649060 Report a problem | ||
| 8/28/2020 | Listed for sale | $400,000+100%$116/sqft |
Source: Black Rock Real Estate Group, LLC #5649060 Report a problem | ||
| 12/3/2018 | Sold | $200,000+566.7%$58/sqft |
Source: Public Record Report a problem | ||
| 3/5/2009 | Sold | $30,000-68.1%$9/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1687444 Report a problem | ||
| 12/20/1999 | Sold | $94,000$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,405 +65% | $353,000 |
| 2024 | $5,096 +6% | $353,000 -1.7% |
| 2023 | $4,809 +2.9% | $359,000 +5.9% |
| 2022 | $4,675 -1.1% | $339,000 +8% |
| 2021 | $4,728 -2.3% | $314,000 +8.1% |
| 2020 | $4,841 +2.4% | $290,500 +5.1% |
| 2019 | $4,728 -2.3% | $276,500 +17.9% |
| 2018 | $4,841 +20.8% | $234,500 +22.1% |
| 2017 | $4,006 +9.1% | $192,000 +8.5% |
| 2016 | $3,671 -0.4% | $177,000 +32.1% |
| 2015 | $3,684 +23.4% | $134,000 +10.3% |
| 2014 | $2,986 +2.1% | $121,500 -10% |
| 2013 | $2,925 +9.6% | $135,000 +20% |
| 2012 | $2,670 -73.3% | $112,500 |
| 2011 | $9,986 +1.6% | $112,500 -26.9% |
| 2010 | $9,824 -20.3% | $154,000 -40.8% |
| 2009 | $12,320 +235.5% | $260,000 +21.5% |
| 2006 | $3,672 +4.5% | $214,000 +10% |
| 2005 | $3,513 -0.6% | $194,500 +6.9% |
| 2004 | $3,536 +7.4% | $182,000 +30% |
| 2002 | $3,291 +26.6% | $140,000 |
| 2001 | $2,600 | -- |
Find assessor info on the county website
Neighborhood: Cleveland
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Nearby schools
GreatSchools rating
- 5/10Lucy Laney @ Cleveland Park Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 1/10Olson Middle SchoolGrades: 6-8Distance: 2.3 mi
- 3/10Henry Senior High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$319,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$319,200
- Minnesota
- Hennepin County
- Minneapolis
- 55412
- Cleveland
- 3245 Penn Ave N
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